over budget

Wise Rabbit- Livestock Investment

$30,000.00 Requested
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Community Review Results (1 reviewers)
Addresses Challenge
Feasibility
Auditability
Problem:

<p>Farmers & citizens suffer from a lack of liquidity & investment due to an unstable, inflationary currency, resulting in poor food security.</p>

Yes Votes:
₳ 54,167,400
No Votes:
₳ 11,363,099
Votes Cast:
243

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Detailed Plan

A detailed plan will be shown on the presentation to be attached

<u>Executive Summary</u>

Africans do not understand investment types that are not based on familiar economic activities. Wise Rabbit addresses that problem by creating a livestock-based wallet which is a normal farming practice and already a very popular, low input, and quick return on investment.

Africa's farmers also suffer from a lack of liquidity and investment due to an unstable, inflationary currency which is resulting in poor food security and low growth opportunities.

Inflation in Zimbabwe, our pilot project country, is at 56% which erodes any bank savings by farmers and also causes high-interest rates from banks.

It's impossible to create a valuable community business in this environment unless the trend is arrested by a stable, accepted store of value. Livestock is something Africa understands well and is good at animal husbandry.

Creating a livestock smart contract will immediately solve the financing of farm activities while driving the adoption of the Cardano network as a reliable store of value. All grant funding will be used to create a form of ADA agri-coin to drive the food security value chain and ecosystem.

Wise Rabbit is a one farm, one manager, several decentralized members, crowd-farming model.

<u>Our Solution</u>

  1. Create the digitally tokenized Wise Rabbit farm.
  2. Employ one manager, one payroll for staff, and crowd-farm with the investment of 4000 ADA virtual farmers.
  3. Capitalize the token from the natural evolution of the rabbit herd, with one rabbit parent capable of producing 48 new rabbits each year in a linear calculation.
  4. Option to re-breed offspring for further growth of rabbit herd.
  5. Wise Rabbit ADA wallets to become the token for investment and sale of rabbit meat for profit.

<u>Qualifications</u>

Sacha Robinson (proposer)

  • Founded a crowd-farm investment concept in Zimbabwe, in 2020, which began life with 30 pigs and it has grown to 600 pigs with plans to scale up to 5400 pigs in the new year.
  • 200 virtual farmers, from 7 different countries, subscribed to Dung Beetle Farms Trust and raised the seed capital to begin a piggery farm.
  • All investors have access to the farm for verification and observation of processes and receive weekly video and WhatsApp updates and electronic statements for their monthly payments.
  • Wise Rabbit anticipates the same investors will be keen to take up an ADA wallet especially as some of them are based in the USA, UK, Canada, South Africa, Bermuda, Australia where BLC knowledge has taken root.
  • Current Dung Beetle Farms Trust staff under their manager's guidance are skilled in animal husbandry and will be further trained on rabbit production too.

Anthony Jackson (co-proposer)

  • Software Architect (10+ years)
  • Business Consultant
  • Entrepreneur
  • African (proudly Zimbabwean)
  • Son of a Philosopher
  • An advocate of Liquid Democracy
  • Open-Source Developer

Anthony, the creator of CheCha (the ka-chink sound that change makes inside a piggy bank) will be the technical lead for Wise Rabbit and his proposed ADA currency voucher system will have great synergy value to Wise Rabbit's wallet adoption.

<u>Statement of Need</u>

  • Wise Rabbit ADA allows wallet holders to share Wise Rabbit farm profit and buy investments.
  • Wise Rabbit token aims to drive the ADA wallet user adoption across regular people, virtual farmers, investors through the intuitive and seamless integration achievable by the decentralized payments platform.

<u>Project Activities</u>

  • Develop Wise Rabbit ADA token. Token value will be based on auditable production and maintenance costs of that rabbit, which may include the field where it is located, its feeding, staff costs, and health.
  • Create a rabbit farm digital asset
  • Capture real-world production data of rabbit production
  • The simple registration process of a farmer, investor, and ecosystem suppliers.
  • KYC integration.
  • High security and auditable transactions
  • Options to cash-in and cash-out at end of a holding period.
  • For every Wise Rabbit token issued there is a rabbit doe backing it and its natural evolution and expansion through an average of 48 offspring (and more) every 12 months.

<u>What is the work plan/approach?</u>

  • Source development team with Blockchain experience
  • Develop and map Wise Rabbit ADA functionality
  • Develop whitepaper for Wise Rabbit
  • Develop simply user interfaces to capture;
    - Business events that dictate the value of the token
    - User subscription and reporting channels
    - Can be as simple as a WhatsApp bot

<u>Output from the project</u>

  1. Smart-contract based crowd-farming of rabbit production
  2. Zimbabwe Cardano presence to drive ADA wallet adoption
  3. Unique opportunity to create an affordable investment for local and diaspora Zimbabweans (3 million people strong)

<u>Further outcomes</u>

  • An opportunity for any un-banked Zimbabwean to use Wise Rabbit ADA assets as a means of payment.
  • Wise Rabbit Token (WRT) will induce third-party large producers of agricultural feed, accessories, plus other farmers to tokenize their businesses and create a Wise Rabbit ADA agri-coin ecosystem.
  • Token that will become a tool for decentralized finance in the agro-industrial market.
  • WADA will promote similar crowd-farm digital assets in other African countries after the pilot project, e.g. Wise Rabbit Ghana

<u>Metrics</u>

  • Whitepaper approvals
  • Business Events captures
  • The number of rabbits tracked in the system
  • Cost of resources managed through the system
  • Number of WRT investors
  • Funds total exchanged from fiat to WRT

<u>Geographical Area Served</u>

  • Zimbabwe

<u>Timetable and Major milestones</u>

Success tracking

Phase 1 ~ 4 Week

  • Developer recruitment
  • Whitepaper development of Wise Rabbit ADA

Phase 2 ~ 8 weeks

  • Onboard data into a digital asset
  • Create and test registry, auditable production, and treasury
  • Simple WhatsApp bot that handles
    - Registration / KYC
    - Data capture of farm activities
    - Performance reporting
    - Investor meeting and commitment log

Phase 3 ~ 8 weeks

  • Marketing / Virtual Agri-Business Network Events

Phase 4 ~ 1 week

  • Agri-Business Development Events
  • Retrospection and Reporting

Business Development Events will serve as a business networking opportunity for investors, entrepreneurs, and developers to come together to work on new agribusiness ventures. They will continue indefinitely, and be hosted every month once we have a sufficient blockchain virtual community.

<u>Expected Launch Date</u>

  • The launch of the Wise Rabbit is expected 9 weeks after funding date.(April 2022)

<u>Community or Cause</u>

  • Investment and Retirement Nest Eggs - investments in livestock through digital tokens at a level that almost anyone can afford thereby impacting thousands across Zimbabwe and Africa in the area of food security and healthy eating.
  • Regular Stable Income - Wise Rabbit will be backed by rabbit production and natural growth of the prolific rabbit breeding cycles which promotes a quick return than most investment types.
  • Savings Culture - at 5 Dollars per unit, a community whose savings have been eroded over 2 decades of inflation, can now become virtual farmers interested in a real asset.
  • Collaboration and Social Impact - Through crowd-farming on rented fields, an agricultural ecosystem of investors, farmers, and buyers will create a cohesive and supportive community.
  • Accessibility - everyone can become a livestock producer without leaving their home, making Wise Rabbit widely and conveniently accessible from any keyboard in the world
  • Financing - peer-to-peer local funding support coupled with global investors to provide much-needed funding that is only possible in the distributed farming approach.
  • Employment and Entrepreneurial - A farm-gate sale of meat at wholesale prices to those who wish to buy and sell rabbit meat from their own vendor stalls and at the meat market.

<u>Challenges</u>

  • Regulatory Environment - Current government stance on blockchain will be a potential threat
  • Tech-challenged farmers will potentially slow the adoption of digitalized assets until they understand it.
  • Decentralized operations of any business will always be viewed with initial suspicion.
  • Auditability will be met with friction by farm staff and management as we migrate to a blockchain.

<u>Risks and Challenge Mitigation</u>

  • The government will be engaged and shown advantages and alignment to their own goals towards increasing inflows of foreign direct investment. It should be an easy sell after the recently publicized framework for foreign-based investment.
  • Tech capabilities will be enhanced through training. Africa's majority is already smartphone savvy and usage in Zimbabwe is already at 96%. Re-training to blockchain and digital tokens will be expected to be easy.
  • Tokenization benefits are desirable and possibly the only viable option to change farmer's fortunes in a country where bank loans are non-existent. Decentralization will therefore be well received after training workshops.
  • Random audits will come to be accepted for their value and continued assurance of investors. Management and staff will therefore get used to the audits as well as their indispensable need. Training will be given to show the bigger picture and existing world examples of the benefits of a tokenized business.

<u>Team Qualifications</u>

<u>Sacha Robinson</u>

  • Founder of Wutano - community network of more than 500 coordinated citizens and suppliers
  • Founder of Dung Beetle Farms (200+ investors from 9 countries and 600 pigs)
  • Zimbabwean as well as a farmer at heart and practice.

<u>Anthony Jackson</u>

  • Zimbabwean, born and raised in Bulawayo
  • Software Architect (10+ yrs)
  • Business Owner

<u>West Africa Decentralized Alliance</u> (WADA)

A skilled team of Cardano community practitioners and entrepreneurs, located in hubs across Africa and the diaspora.

WADA is looking to host hackathons in Zimbabwe, as part of the Planting Roots in Africa initiative, which Wise Rabbit proposers will be a part of to add to the ADA value chain and the community at large. The timely deployment of WADA and Wise Rabbit projects in Zimbabwe will make Cardano a household name, and ignite interest entrepreneurs to participate in Catalyst!

<u>The Team - Social Links</u>

Wise Rabbit is a digital token project, it is a Wutano Life Trust project headed by entrepreneur founder Sacha Robinson and co-founder Anthony Jackson who is a software developer.

<u>Sacha Robinson</u>

<https://dungbeetle.co.zw>
<https://wutano.com/wutano-trustees>
<https://wutano.com/invest-in-wutano>

<u>Anthony Jackson</u>

<https://www.linkedin.com/in/anthonyza>
<https://github.com/expelledboy>
<https://betaplum.com>

<u>WADA</u> -Digital Transformation For Africa

<https://wadalliance.org>

<u>Applicant's most recent activities report</u>

Sacha founded Wutano Trust which has an active project with an engaged user-base. Their business model is very inclusive, with an ever-growing partner network. Sacha Robinson will take a leading role in marketing and business development, leveraging his network and team to maximize the value proposition of Blockchain.

An existing, thriving piggery project was created with the crowd-farming method and gives us the confidence we can blockchain rabbit farming easily.

Sacha Robinson has an MBA degree in Business Administration, Higher Diploma in Strategic Innovation, 20 years experience as a business owner and director in blue-chip companies.

<u>Budget Breakdown</u>

Phase 1 => $8000

  • Recruit Team
  • Wise Rabbit Whitepaper

Phase 2 => $14000

  • Data import
  • Create and test registry, auditable production, and treasury ???
  • WhatsApp bot

Phase 3 => $5000

  • Market presence
  • Token sale event

Phase 4 => $3000

  • Investor and marketing event
  • Project report

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